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Calling the appointment "a true honour," Bailey applauded the designers displaying their work this year at a catwalk show at The Houses of Parliament, in London last night. The British designer and chief executive, who first showcased his own work at Graduate Fashion Week in 1991, took the Burberry helm 10 years later - and is now the only figure in international fashion to hold the CEO and chief creative officer roles at a house simultaneously.

"It is so important to support and mentor young people, and GFW provides an essential platform for them at this important time in their life," Beckham added. "I'm delighted to be joining Christopher Bailey, working together on such a worthwhile project."

Although impressed by the night's talent, Bailey wasn't giving anything away when asked if there were any designers that he might consider welcoming to the Burberry fold.

"Burberry is a quintessentially British brand so it is important to have that sensibility to your work," he told us. "That said, what we look for more than anything is raw talent and an ability to challenge convention - we try to take those qualities and set them in a world in which they can be fully explored."